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Has Molina Healthcare (MOH) Outpaced Other Medical Stocks This Year?

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For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Molina Healthcare (MOH) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MOH and the rest of the Medical group's stocks.

Molina Healthcare is a member of our Medical group, which includes 841 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. MOH is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for MOH's full-year earnings has moved 21.70% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that MOH has returned about 71.78% since the start of the calendar year. In comparison, Medical companies have returned an average of -0.30%. As we can see, Molina Healthcare is performing better than its sector in the calendar year.

Breaking things down more, MOH is a member of the Medical - HMOs industry, which includes 12 individual companies and currently sits at #87 in the Zacks Industry Rank. Stocks in this group have gained about 20.83% so far this year, so MOH is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Medical stocks should continue to pay close attention to MOH as it looks to continue its solid performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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